Key Highlights: Project Faro is preparing to launch bank-backed stablecoins pegged to G7 currencies, beginning with a U.S. dollar token followed potentially by a euro-denominated asset. A coalition of 21 international financial institutions has committed $270 million to establish the enterprise, which is expected to be based in the United States. The initiative aims to ...
Key Highlights: Major global financial institutions, including Goldman Sachs and Citigroup, have committed approximately $270 million to a collaborative stablecoin initiative known as Project Faro. The capital injection is designated to fund five years of operating expenditures for the newly formed U.S.-based entity, which plans to issue a U.S. dollar-pegged stablecoin alongside future G7-pegged tokens. ...
Key Highlights: Canada proposes legislative amendments preventing federally regulated financial institutions from directly issuing stablecoins, steering issuance to dedicated non-financial subsidiaries. The Bank of Canada will oversee the regime by registering issuers, enforcing compliance, and monitoring issuance and redemption risks. Full implementation of the broader regulatory framework is targeted for fall 2027 following Royal Assent ...
Key Highlights: European asset manager Amundi is expanding fund tokenization to Ethereum, establishing native fund units that contrast with derivative-based stock perpetuals and third-party synthetic tokens. Despite using a public blockchain, deployment does not equal unrestricted retail availability or permissionless decentralized finance (DeFi) integration. The structure follows CACEIS’s hybrid tokenization architecture and builds upon Amundi’s ...
Key Highlights: Representative Maxine Waters is drafting a Democratic digital asset market structure bill aimed at defining party policy on cryptocurrency regulation. Key Senate committees handling financial markets, agriculture, and taxation remain hurdles, with leadership involving Senator Elizabeth Warren, Senator Ron Wyden, and potentially Senator Sherrod Brown. Waters stated her legislative agenda includes efforts to ...
Key Highlights The U.S. Department of Labor has proposed a legal framework granting safe harbor protections to pension plan managers who include crypto assets in employer-sponsored retirement plans. The draft guidance outlines a six-factor evaluation process covering performance, costs, liquidity, valuation, benchmarks, and product complexity to shield employers from litigation. Rooted in an August 7, ...
Key Highlights The National Bank of Kazakhstan (NBK) is evaluating plans to allocate between $300 million and $350 million from reserve funds into crypto-related instruments, including ETFs and tech equities. Following the September 2025 launch of the Alem Crypto Fund, Kazakhstan’s national crypto reserve could scale to between $500 million and $1 billion by early ...
Key Highlights BlackRock Head of Digital Assets Robert Mitchnick stated that election outcomes would not significantly disrupt the firm’s crypto product launches or asset inflows. Mitchnick highlighted that Bitcoin and Ether already benefit from sufficient regulatory clarity for investment vehicles, even as comprehensive federal legislation stalls on Capitol Hill. While shifting congressional control poses hurdles ...
Key Highlights: Digital asset super PAC Fairshake and its affiliates faced a critical setback in Ohio after spending more than $64 million backing Senator Jon Husted, who lost to former Senator Sherrod Brown. Despite notable losses in Ohio, Illinois, Massachusetts, and Texas, the network secured key victories, including spending $13.5 million to help Senator Pete ...
Key Highlights: Voter sentiment toward cryptocurrency reveals clear generational patterns, with younger demographics leaning more favorable while older demographics, particularly those aged 55 and up, view it unfavorably. Supportive voters highlighted digital assets as strong investments and inflation hedges, with one Donald Trump supporter crediting Bitcoin for generating substantial returns. Critics and skeptical voters cited ...
Key Highlights: Animoca Brands has advanced its Middle Eastern expansion by securing regulatory permission in Abu Dhabi, building on an earlier 2025 in-principle approval. Abu Dhabi Global Market (ADGM) experienced a 54% year-on-year surge in assets under management in the first half of 2026, solidifying the UAE’s position as a premier digital asset destination. The ...
Key Highlights: Animoca Brands has obtained full regulatory approval to manage funds within the Abu Dhabi Global Market (ADGM), progressing beyond its 2025 in-principle permission. ADGM continues to witness strong institutional adoption, recording a 54% year-on-year increase in assets under management in the first half of 2026. The expansion comes amid a broader venture capital ...